The Indian rupee closed almost flat against the US dollar on Wednesday. Earlier gains were erased as corporate and importer demand for dollars increased. A significant drop in oil prices had initially boosted the rupee. Market focus now shifts to the US Federal Reserve's policy decision. Commentary from the Fed is expected to guide future interest rate expectations.
The Indian rupee closed nearly flat at 94.52 against the US dollar on Wednesday. Initial gains, driven by a drop in oil prices, were offset by increased corporate and importer demand for dollars. Market attention now turns to the upcoming US Federal Reserve policy decision and…
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